Acala – one of the first Polkadot parachains – recently rolled out a yield-bearing liquidity pool for aUSD and a form of wrapped bitcoin, which contained a bug that was soon exploited by the hackers r...
Tag: Acalas
How Significant Recovery of Acala’s Stolen 3 Billion aUSD?
On August 14th, 2022, decentralized finance network Acala got under a digital attack. During the attack, the hacker entered the ecosystem and started minting tonnes of its native stablecoin aUSD. Afte...
Acala’s iBTC/aUSD Liquidity Pool Bug Exploited by Hackers – crypto.news
Hackers have exploited a loophole in Acala’s newly-created iBTC/aUSD liquidity pool to steal millions of dollars worth of tokens on August 14, 2022, forcing the aUSD stablecoin to lose its peg with th...
Acala’s New $250 Million Fund To Drive Adoption of aUSD On Polkadot
Acala, a prominent parachain on Polkadot, has launched a $250 million ecosystem fund to boost the adoption of its stablecoin, aUSD. The fund will support early-stage startups that are creating applica...
Key Products to Come Out Of Box Following Acala’s Release on Polkadot
As Acala was successfully released on Polkadot network this week, decentralized finance for scaling dApps. Acala Swap, updated EVM or Ethereum Virtual Machine, Decentralized stablecoin, LDOT, and aUSD...